Canon Group Achieves EcoVadis Platinum Rating for Sustainability Two Years in a Row

Canon Group Achieves EcoVadis Platinum Rating

The Canon Group has earned the distinguished Platinum rating from EcoVadis for two consecutive years, a recognition bestowed on only the top 1% of companies evaluated globally. This accolade comes from EcoVadis, an international ratings agency based in France that assesses a company's sustainability practices across 150,000 enterprises worldwide, spanning 185 countries and 250 industries.

EcoVadis evaluates companies using a proprietary rating framework across four key areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. As global interest in corporate sustainability continues to soar, the outcomes from EcoVadis serve as an essential reference for businesses when selecting partners and suppliers.

In this year's assessment, Canon Group not only maintained high ratings in all four categories but also excelled particularly in Environment and Labor & Human Rights, affirming its commitment to sustainability practices.

Canon's Continuous Commitment to Sustainability

Canon Group has been proactive in its sustainability initiatives, striving for a future where social and environmental challenges are addressed effectively. One of Canon's key goals is to achieve net-zero greenhouse gas (GHG) emissions throughout the entire product lifecycle by 2050. To support this objective, Canon has set Science-Based Targets Initiative (SBTi) compliant targets to reduce GHG emissions by 42% in Scope 1 and 2, and by 25% in Scope 3 (covering Categories 1 and 11) compared to 2022 levels by the year 2030.

In parallel, Canon upholds the human rights of all stakeholders involved in its business operations, including employees and partners. To guide these efforts, Canon has instituted the 'Canon Group Human Rights Policy,' which incorporates comprehensive human rights due diligence throughout its global operations. Furthermore, the Group embarks on employee awareness activities concerning human rights through initiatives such as e-learning, tailored for both domestic and international affiliates.

EcoVadis Assessment and Its Importance

The EcoVadis rating framework is renowned for its rigorous and comprehensive assessment methods. It demands transparency and accountability from organizations, which is increasingly vital in a world that prioritizes sustainable and ethical practices. As companies face escalating scrutiny from consumers and investors alike, EcoVadis provides a valuable tool for assessing and benchmarking sustainability efforts.

For Canon Group, achieving the Platinum rating signifies not just recognition, but also a commitment to sustained excellence in corporate social responsibility. As Canon moves forward, it remains resolute in contributing to a sustainable society through its business activities.

Looking Ahead

Canon's ongoing sustainability efforts reflect a broader commitment to social and environmental responsibility that aligns with global sustainability goals. As Canon continues to innovate within its sector, the company’s dedication to sustainability, ethics, and human rights serves as a model for other businesses aiming to lead in their respective fields.

In conclusion, Canon's consistent performance in EcoVadis assessments is a testament to its deep-rooted values surrounding sustainability and corporate responsibility. With its proactive strategies and goals set for the coming years, Canon Group is poised to continue making significant strides towards realizing a sustainable future.